Recap: TrueCar Q4 Earnings
Portfolio Pulse from Benzinga Insights
TrueCar (NASDAQ:TRUE) reported Q4 earnings with a 33.33% beat on estimated EPS, reporting $-0.02 versus an estimate of $-0.03. Revenue increased by $4.62 million from the same period last year. Despite missing EPS estimates in Q3 2023, the share price increased by 0.0% the following day. TrueCar's past performance shows a trend of missing EPS estimates but with varying revenue figures.
February 20, 2024 | 9:15 pm
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TrueCar reported a 33.33% beat on estimated EPS for Q4, with revenues increasing by $4.62 million from the same period last year. The company has a history of missing EPS estimates but showed improvement this quarter.
TrueCar's beat on EPS estimates and revenue increase are positive indicators for short-term stock performance. Historically, even when missing EPS estimates, the share price remained stable, suggesting a strong investor confidence. This quarter's performance could further bolster investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100